Match Each Description with the Item Below

question 53

Multiple Choice

Match each description with the item below.
-William Sylvis

• A)organized a week-long march of child workers from Pennsylvania to President Theodore Roosevelt's home in New York
• B)maintained his commitment to high tariffs after the war despite concerns that they would increase consumer prices
• C)led the Knights of Labor and emphasized the strategy of winning political control of the areas around unions
• D)wrote the essay "The Gospel of Wealth," which held that with great wealth came great responsibility
• E)met to form the Industrial Workers of the World but withdrew and went on to become a presidential candidate of the Socialist Party of America
• F)was the head of the National Labor Union who died suddenly in 1869, resulting in its support declining
• G)organized the Workingmen's Party of California and blasted railroad barons for exploiting the poor
• H)invented the telephone, which would become the most valuable patent ever issued
• I)convinced middle-class women to enter the so-called real world by engaging in social work

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Definitions:

Average Revenue

The average amount of money received by a firm per unit of output sold, calculated by dividing the total revenue by the number of units sold.

Marginal Cost

The uptick in price resulting from the manufacture of an extra unit of a good or service.

Monopoly Firm

A company that is the sole provider of a product or service in a market, facing no competition.

Profit

The financial gain obtained when the revenues generated from business activities exceed the expenses, taxes, and costs.